Shares of Bytes Technology Group plc (LON:BYIT - Get Free Report) dropped 0.7% during trading on Wednesday . The company traded as low as GBX 446.40 ($5.81) and last traded at GBX 446.40 ($5.81). Approximately 781,778 shares traded hands during trading, a decline of 9% from the average daily volume of 859,470 shares. The stock had previously closed at GBX 449.60 ($5.85).
Wall Street Analysts Forecast Growth
A number of equities research analysts have weighed in on BYIT shares. Berenberg Bank reissued a "buy" rating and issued a GBX 640 ($8.33) price target on shares of Bytes Technology Group in a report on Tuesday, October 15th. Shore Capital reiterated a "buy" rating on shares of Bytes Technology Group in a report on Tuesday, October 15th.
Read Our Latest Analysis on BYIT
Bytes Technology Group Trading Up 2.4 %
The firm has a market capitalization of £1.10 billion, a P/E ratio of 2,367.91, a P/E/G ratio of 2.27 and a beta of 0.65. The company has a current ratio of 1.08, a quick ratio of 0.98 and a debt-to-equity ratio of 3.50. The company's fifty day moving average is GBX 482.57 and its 200-day moving average is GBX 504.44.
Bytes Technology Group Cuts Dividend
The company also recently declared a dividend, which will be paid on Friday, November 22nd. Investors of record on Thursday, November 7th will be paid a dividend of GBX 3.10 ($0.04) per share. The ex-dividend date is Thursday, November 7th. This represents a yield of 0.65%. Bytes Technology Group's dividend payout ratio is 4,736.84%.
Bytes Technology Group Company Profile
(
Get Free Report)
Bytes Technology Group plc offers software, IT security, hardware, and cloud services in the United Kingdom, rest of Europe, and internationally. The company sells servers, laptops, and other devices; various cloud-based and non-cloud-based licenses; and externally and internally provided training and consulting services.
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